Direct Debits In Oracle Apps

DD are an instruction from a customer to their bank authorising an organisation to collect an amount, which may vary directly from their account.
One of the payment methods available in E-Bus along with Cash, Cheque, Credit Card.







Changes in Release 12
Oracle R12 brought some changes in Direct Debit processing and setup.
Create, Approve and Format of Automatic Receipt remain the same
Create, Approve of Remittance Batch are done AR while Formatting process has been moved to Oracle Payment
Bank Data structure are now stored in CE, IBY and HZ tables
How Flag Transaction For DD
Manual: By selecting Direct Debit receipt method and Payment Instrument
Automatic: By passing Payment_trx_extension_id and Receipt_Method during AutoInvoice creation.
Basic Direct Debit Setup in AR
Define Receipt Class and Receipt method with Remittance bank
Define Receipt Source
Assign document sequence to Receipt method defined
Set Profile option: document sequence to Always or Partially Used
Define Payment term
Define Customer Bank Account
Assign Bank account and Receipt method to Customer